Report For Week Dated: 20/07/2015
NCDEX Kapas April’16 (Price are in INR (Rs)/20 Kg)
Traders long can hold the same with a stop loss of 890.
The movement for last few weeks has been between 927 and 903.
Further rally can be seen above 927.
Resistance is at 915-920-927.
Lower range is 907-895.
Sideways correction currently is being witnessed.
Accumulate at 907-895 with a stop loss of 890.
Buy above 930 with low of the week as the stop loss or 903 whichever is lower.
WEEKLY TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Long
|
912.0
|
905.0
|
UP
|
915.0
|
27.03
|
895
|
907
|
915
|
920
|
932
|
*Trend will remain Down as long as last close is below the pink color DRV. Trend will be Up as long as Price is above DRV. Positional Traders: If trend is up then traders long can hold long position with weekly closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a weekly closing stop loss of DRV: Close <DRV.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
Last Close
|
Price G/L%
|
Volume
|
% V Inc/Dec
|
Open Interest
|
% OI Inc/Deco
|
Candle
|
Position
|
912.0
|
-0.4
|
6064.0
|
-15.4
|
2834
|
-0.2
|
Negative
|
Unwinding
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
51.17
|
-2.17
|
62.60
|
1.82
|
5.66
|
-10.14
|
44.74
|
-7.95
|
Disclaimer: There is risk of loss in trading in derivatives and the report is not to be construed as investment advice. The information provided in this report is intended solely for informative purposes. The author, directors and other employees of CC Commodity Info Services cannot be held responsible for the accuracy of the information presented herein or for the results of the positions taken based on the opinions expressed above.